The 80-unit complex with support services would replace a tire shop and office building...
The Greenline North apartments were among four projects built or planned through the city of San Antonio’s 2017 bond, which allocated $20 million to buy properties for mixed-income housing.
It’s become more expensive to finance any sort of construction projects amid rising interest rates and construction costs. But developers also often must contend with push-back from neighbors, as well. And for those seeking to use tax credits, the process is highly competitive.San Antonio opens a building materials hub to promote affordable housing, help environment
The developer would partner with local nonprofit SAMMinistries to offer services for physical and mental health, substance use, job training and life skills. Franklin was chosen in 2020 to redevelop the San Pedro sites. The city bought the properties for about $2 million and planned to sell them to the developer for $500,000.
There are multiple such buildings in the neighborhood already and the group wanted the complex to attract families, Juarez said. Designs were changed, and the complex will now consist of two- and three-bedroom units, which Five Points supports.
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